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V0956-25 4 June 2025 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · ganancia patrimonial

Sale of a 1982 inherited rural property may qualify for age-based reduction

The consultant asks how the tax treatment of a rural property acquired by inheritance in 1982 is determined. The DGT explains that the transaction generates a capital gain or loss and outlines the temporary regime applicable to assets acquired before 1995.

The question raised

Taxation of the transaction under Personal Income Tax.

The DGT's ruling

The transfer generates a capital gain or loss calculated by the difference between the acquisition and transfer values. If the property is not used for economic activities or was de-allocated more than three years ago, the ninth transitional provision reduction applies to assets acquired before December 31, 1994. Said reduction on the portion of the gain generated before January 20, 2006, depends on whether the transfer value is less than 400,000 euros and on the number of years of ownership until December 31, 1996.

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